Brief: Uni-Asia Group Updates On Fire Incident Involving Hong Kong Property Project

Uni-Asia

30/12/2019 09:23

Dec 30 (Reuters) - Uni-Asia Group Ltd  UAFC.SI :
    * UPDATE ON FIRE INCIDENT INVOLVING HONG KONG PROPERTY
PROJECT
    * EXTENT OF IMPACT OF INCIDENT ON PROJECT TIMELINE AND COSTS
IS
EXPECTED TO BE LIMITED
    * INCIDENT NOT EXPECTED TO RESULT IN A MATERIAL IMPACT ON
GROUP'S
FINANCIAL PERFORMANCE FOR FINANCIAL YEAR ENDING 31 DECEMBER 2019
    * PROJECT EXPECTED TO BE COMPLETED BY 2020 AS ORIGINALLY
SCHEDULED
    * CONSTRUCTION WORKS HAD ALSO RESUMED AT SITE FOLLOWING A
ONE-DAY
STOPPAGE DUE TO INCIDENT.
    * HONG KONG PROPERTY PROJECT EXPECTED TO BE COMPLETED BY
2020 AS
ORIGINALLY SCHEDULED
    * ESTIMATED ADDITIONAL COSTS FOR RECOVERY WORK ARE NOT
EXPECTED TO
BE MATERIAL
    * DAMAGED PORTION OF CONSTRUCTION SITE HAD BEEN DEMOLISHED &
IS
BEING RE-BUILT

Source text for Eikon:  ID:nSNZ36Rl2v 
Further company coverage:  UAFC.SI 

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